Volga Federal District

District in Russia

Exports (2019): $37.6B, Rnk 3/8

Top Destination (2019): $3.25B, Netherlands

Top Export (2019): $7.08B, Light petroleum distillates nes

Imports (2019): $13.5B, Rnk 3/8

Top Origin (2019): $2.21B, China

Top Import (2019): $491M, Machinery for treatment by temperature change...

Economic Complexity (2019): -0.073, Rnk 1 / 8

Overview: This page contains the latest international trade data for VOLGA FEDERAL DISTRICT, including export and import data.

Exports: In 2019, Russia's Volga Federal District exported $37.6B, making it the 3rd largest exporter out of the 8 exporters in Russia. In 2019 the top exports of Volga Federal District were Light petroleum distillates nes ($7.08B), Petroleum oils, oils from bituminous minerals,... ($5.97B), Petroleum spirit for motor vehicles ($2.57B), Potassium chloride, in packs >10 kg ($2.09B), and Commodities not specified according to kind ($1.45B).

Imports: In 2019, Russia's Volga Federal District imported $13.5B, making it the 3rd largest importer out of the 8 importers in Russia. In 2019 top imports of Volga Federal District were Machinery for treatment by temperature change... ($491M), Transmissions for motor vehicles ($312M), Parts and accessories of bodies nes... ($273M), Motor vehicle parts nes ($254M), and Engines, diesel, for motor vehicles ($194M).

Economic Complexity: In 2019, the highest complexity exports of Volga Federal District according to the product complexity index (PCI) are Polyamides (1.65), Other Heating Machinery (1.36), Phenols (1.35), Newsprint (1.27), and Synthetic Rubber (1.14). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

#permalink to section
Value
Depth
Year

Top Destination (2019): Netherlands, $3.25B

Top Product (2019): Light petroleum distillates nes, $7.08B

In 2019 the top export destinations of Volga Federal District were Netherlands ($3.25B), Poland ($2.97B), Belarus ($2.4B), Kazakhstan ($2.35B), and China ($1.92B).

In 2019 the top exports of Volga Federal District were Light petroleum distillates nes ($7.08B), Petroleum oils, oils from bituminous minerals,... ($5.97B), Petroleum spirit for motor vehicles ($2.57B), Potassium chloride, in packs >10 kg ($2.09B), and Commodities not specified according to kind ($1.45B).

Explore Visualizations

Export Dynamics

#permalink to section

Fastest Growing Exports Destination (August 2019 - August 2020)

Rapidly Declining Export Origins (August 2019 - August 2020)

Yearly Imports

#permalink to section
Value
Depth
Year

Top Origin (2019): China, $2.21B

Top Import (2019): Machinery for treatment by temperature change..., $491M

In 2019 the top import origins of Volga Federal District were China ($2.21B), Germany ($2B), Italy ($883M), Belarus ($836M), and United States ($558M).

In 2019 the top imports of Volga Federal District were Machinery for treatment by temperature change... ($491M), Transmissions for motor vehicles ($312M), Parts and accessories of bodies nes... ($273M), Motor vehicle parts nes ($254M), and Engines, diesel, for motor vehicles ($194M).

Explore Visualizations

Import Dynamics

#permalink to section

Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

#permalink to section
Flow
Value

This section shows differences between total trade from VOLGA FEDERAL DISTRICT throughout time.

This section shows forecasts for total exports and imports from VOLGA FEDERAL DISTRICT. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

#permalink to section

Economic Complexity of Russia

#permalink to section

Volga Federal District ranks 1st out of the 8 districts in Russia according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Volga Federal District already has a comparative advantage, are led by Petroleum Gas (0.18), Iron Reductions (0.18), Coal Briquettes (0.18), Raw Aluminium (0.17), and Soybeans (0.16).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Volga Federal District according to the product complexity index (PCI) are Polyamides (1.65), Other Heating Machinery (1.36), Phenols (1.35), Newsprint (1.27), and Synthetic Rubber (1.14). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Potassic Fertilizers (67.6), Pig Iron (60.3), Ammonia (51.9), Seed Oils (22.1), and Other Metals (21.8).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Volga Federal District is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of  Volga Federal District. These are products that tend to be co-exported with the products that Volga Federal District exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.